Amtrust Direct Online Banking

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AmTrust Direct Review

AmTrust Direct is an online bank that specializes in web-based CD accounts.

AmTrust Direct is an Internet bank whose parent bank, AmTrust, was headquartered in Cleveland, Ohio, until 2009. At that time, the Ohio bank went bankrupt and New York Community Bank took over its accounts. New York Community Bank was founded in 1859. Some NYCB branches throughout the nation retain the AmTrust name as does the online AmTrust Direct bank.

Online CDs

AmTrust Direct specializes in the online CD. This allows web customers a fast and easy method of opening a CD. It is possible to open a CD with this bank with a minimum of $1000. CD account periods can be as short as six months or as long as five years. An automatic CD renewal option is available. Online banks typically have lower overhead costs and can offer a higher interest rates than brick-and-mortar institutions.

Other accounts

Although this bank specializes in CDs, it does also offer other types of accounts including an online money market account and an online savings account. The bank allows easy transfer of funds between accounts for people who wish to open a CD using the money in their online savings account. AmTrust does not offer a checking account.

Deposit insurance

AmTrust Direct deposits are FDIC-insured to a maximum of $250,000 per depositor.

  • Account Type
  • APY
  • Adverstiser Comments
  • Money Market
  • 0.10%
    Min to Earn APY: $1
  • Earn More Money Market Account - Rate earned on balances up to $4999.99- new money only.
  • CD Rates
  • 12 Month CD.
  • Term
  • APY
  • Min. To Earn APY
  • Compounding Method
  •  
    • 1 year
    • 1.05%
    • $0
    • Compounding Daily
6 Responses to "Amtrust Direct Online Banking"
  1. gerald mogolowitz June 06, 2013 at 7:31 am

    cant seem to get in contact with my accounts anymore. what happened? answer me soon.

    1. Samuel, SA moderator June 13, 2013 at 3:12 pm

      Gerald: I'd recommend contacting your bank directly.

  2. Isabel Silva May 03, 2013 at 12:58 pm

    I am in Europe and I am not able to check my account. Please advise. Thank you

  3. Barbara Freeman April 22, 2013 at 11:59 am

    I am trying to chane my address on my account.

    1. Samuel, SA moderator April 25, 2013 at 5:39 pm

      Barbara, I'd recommend contacting your local branch by phone.

  4. pam woodward April 09, 2013 at 6:05 am

    leave the dam sign alone it keeps changing i'm changing banks if it change one more time

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